"I think Arm [pivoting to selling chips] is very important, because it confirms the biggest underlying thing that isn't consensus yet: the massive CPU shortage that we're seeing." — @firstadopter "Just over the last few months, we have Dell, AMD, and Intel talking about 3-5 year locked-in supply contracts from hyperscalers. So this is a major trend over the next few years." "We're going to see this massive demand for CPUs that people aren't really understanding yet. Because AI agents — the whole thing — require orchestration, tool calls, database queries, web searches. That's all handled by the CPU."